Crypto News Sentiment

Pi Network's Progress and Potential

Pi's open-source development has reached 90%, pushing the project towards a public code release expected by September 2025. This development has sparked hope among the community that outside developers will soon be able to inspect and potentially build on parts of the system. Additionally, a 2021 Pi Network Hackathon winner suggested potential implications for the project.

Important Pi Network Ecosystem Feature

Pi Network users are reminded of a key ecosystem feature that they should be aware of. The article encourages readers to explore new developments and features around Pi Network and its native cryptocurrency.

XRP Price Analysis

XRP's price is holding above $2.920, with consolidation indicating a potential move above $3.050. However, there are bearish signs below $3.080, with the price currently near $2.980 and the 100-hourly Simple Moving Average. Technical analysis suggests further decline if the price stays below the $3.10 zone.

Hut 8's Expansion Plans

Hut 8 plans to develop four large-scale infrastructure sites in the U.S., aiming to advance 1,530 megawatts of capacity. This expansion is part of Hut 8's strategy to grow beyond bitcoin mining into broader digital infrastructure, backed by $330M in credit from two prime lenders and Coinbase.

XRP ETF Potential

Dom Kwok predicts that an XRP ETF could attract more inflows than any other digital asset fund, making it the largest ETF in crypto. This prediction comes amidst the increasing competition for crypto-based ETFs.

Market Recovery and Crypto Picks

MAGACOIN FINANCE is poised for a 25x return compared to Ethereum and PEPE as the market recovers. Analysts suggest that despite the overall market stabilization, attention is turning to established tokens with large market caps.

Bitcoin's On-Chain Data Analysis

Bitcoin is under pressure, down 7.5% in the past two weeks from recent highs above $124,000. On-chain data indicates whether the current slowdown is a temporary pause or the start of a broader correction.

Cardano's Price Consolidation

Cardano price is consolidating below key resistance levels of $0.90 and $0.8980. The formation of a contracting triangle with resistance at $0.8720 suggests potential for a fresh increase if the $0